Tennessee residents are anticipating receiving their share of the more than $8 billion in home energy rebates allocated in the Inflation Reduction Act. While other states like New York and Wisconsin have already begun distributing these funds to residents, Tennessee is expected to start implementing its program in the spring of 2025.
Tennessee has applied for over $167 million in rebate funds and is working with the U.S. Department of Energy and the Tennessee Valley Authority to finalize its plan. The state’s Home Energy Rebate program will offer rebates for home efficiency upgrades and the purchase of energy-efficient electric appliances for low-income households.
Households that achieve significant energy savings through upgrades can receive rebates of up to $8,000, with specific criteria for low-income households. For appliance rebates, eligibility is based on replacing non-electric appliances, new construction, or purchasing a heat pump for heating and cooling.
To streamline the implementation of the rebate program, Tennessee will partner with the TVA, utilizing their network of contractors to complete the energy efficiency projects. By limiting administrative costs and working with experienced partners, the state aims to maximize the amount of funding available for rebates and ensure efficient delivery of the program.
Overall, the Home Energy Rebates program is expected to impact between 1% to 2% of households across the nation, with Tennessee taking steps to ensure its residents can benefit from these funds in the coming years.
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